Rite Aid Corporation Narrows FY 2012 Sales Guidance; Raises FY 2011 EBITDA Guidance; Lowers FY 2011 Net Profit And EPS Guidance; Narrows FY 2011 Same Store Sales Guidance

Rite Aid Corporation announced that for fiscal 2012, it expects sales to be between $25.85 billion and $26.0 billion, same store sales to range from an increase of 1.15% to an increase of 1.75% over fiscal 2011 and adjusted EBITDA (which is reconciled to net loss in the attached table) to be between $865 million and $910 million. Net loss is expected to be between $325 million and $440 million or a loss per diluted share of $0.37 to $0.50. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $25.86 billion, EBITDA of $884 million, net profit of $(379) million and EPS of $(0.43) for fiscal 2012.